Gbpcadshort
GBPCAD possible areas to shortFollowing the BOE interest rate decisions on thursday, GBP plunged against many other strong pairs. I'm continuing to maintaining a negative outlook for GBP, with the dovish tone on the interest rate hike coupled with very poor growth outlook for the next year.
Technically, looking to short GBP/CAD (fundamentally weak/fundamentally strong long term) from highlight blue possible areas, as GBPCAD is currently filling the imbalance/liquidity void left from thursday announcement before continuing to the downside.
GBPCAD | New perspectiveThe reversal structure identified on the 1H time frame is probably going to incite a retracement of the Impulse leg after which a trend continuation might begin.
NB: It is pertinent that we remain conscious as a breakout of 1.495 could encourage a bullish momentum
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GBP/CAD Running In 170 Pips , New Entry To Who Missed First One This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBP/CAD Finally Closed Below Very Strong Supp,Short Setups ValidThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBP/CAD Analysis,2 Scenarios With Daily Closure For ConfirmationThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBPCAD Strong Selling opportunityHey traders, in today's trading session we are monitoring GBPCAD for a selling opportunity around 1.643 zone, in this week we have an important BoC statement where we expect BoC to Raise rates by 0.50 which considered very hawkish and should contribute to CAD strength.
Once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
GBP/CAD Full Analysis , More Than 2 Setups In This Video !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBPCAD | BOUNCE FROM SUPPORTGBPCAD has bounced from daily support and trading above it. It has falling resistance which can be the hurdle. We are expecting the reversal from here and if it successfully manage to break above trendline then bulls will attack.
Breaking horizontal support will call more bears in the party.
GBP / CAD 1.65882 - 0.1 % LONG IDEA * PRICE ACTION & STRUCTUREHEY EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE.
NEW WEEK, NEW OPPORTUNITIES.
LOOKING AT THE GBP / CAD
* The PAIR has been trading in a FALLING WEDGE range-bound within this structure , retested this level somewhat now signaling continuation.
- Short term the pair is currently rejecting at this structure possibly signaling continuation in momentum on the 4h chart this in a falling wedge at the support within the structure..
- Looking for long entries on the THE POUND / CAD this week should all the rules of the formation be met.
ON THE HOURLY SCALLING IN FOR ENTRIES HERE IS WHERE WE ARE AT
lets see how it goes
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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GBPCAD | BREAKING OUT ?GBPCAD has been in bearish trendline as highligted with the falling trendline. The pair is bouncing from the support zone which it last tested on 20th Mar 2020. The chart also printing the bullish divergence which looks strong. If we have a closing above then one can enter long in here.
Trade your levels accordingly.
GBPCAD may break support and continue to lower.GBPCAD has created a series of lower highs on 4H timeframe and putting pressure on local support. As CAD is getting strong and stronger, If GBPCAD managed to break this support, a sell opportunity may arise on the retest of this support as resistance. Please like the idea if you find value in it. And also do not forget to subscribe to ForexWizard Trading Channel